IB Temporary - Outsourcing & Budget Management
ImmunityBio, Inc.About the role
Company Overview
ImmunityBio, Inc. (NASDAQ: IBRX) is a commercial-stage biotechnology company developing cell and immunotherapy products that are designed to help strengthen each patient’s natural immune system, potentially enabling it to outsmart the disease and eliminate cancerous or infected cells. We envision a day when we no longer fear cancer, but can conquer it, thanks to the biological wonder that is the human immune system. Our scientists are working to develop novel therapies that harness that inherent power by amplifying both branches of the immune system, attacking cancerous or infected cells today while building immunological memory for tomorrow. The goal: to reprogram the patient’s immune system and treat the host rather than just the disease.
Why ImmunityBio?
• ImmunityBio is developing cutting-edge technology with the goal to transform the lives of patients with cancer and develop next-generation therapies and vaccines that complement, harness and amplify the immune system to defeat cancers and infectious diseases.
• Opportunity to join a publicly traded biopharmaceutical company with headquarters in Southern California.
• Work with a collaborative team with the ability to work across different areas of the company.
• Ability to join a growing company with professional development opportunities.
Position Summary
The IB Temporary - Outsourcing & Budget Management will own and focus on standardizing our approach to all suppliers, contracts, and budgets including the development of study-specific site budget templates for both domestic and international sites. The role will also collaborate with all departments to improve supplier, budgets, and contracts management, including payment terms and billing compliance. The role will mentor and lead staff with supplier management, contracts, budget negotiations, and coverage analysis and be the Subject Matter Expert (SME) to address supplier management, billing compliance and budget-related questions/issues.
Essential Functions
- Manages the clinical outsourcing for all ImmunityBio trials
- Oversees the preparation of Requests for Proposals (RFPs) and purchase requisitions for the clinical operations/development team.
- Responsible for the preparation, negotiation and finalization/execution of Work Orders, 3rd party Vendor Services Agreements, Change Orders, Consultant Agreements, Master Services Agreements, and other types of ad hoc agreements
- Negotiates changes to standard contracts language in collaboration with legal department
- Manage the day-to-day activities of the team to include the hiring and training of new team members, coaching employees and monitoring performance.
- Develops Standard Operating Procedures (SOPs), process improvements, and standardization of templates
- Maintains a portfolio of budgets and contracts
- Partner and communicate with Legal, Finance/Accounting, and Clinical Operations Teams
- Develop study-specific site budget templates and negotiates parameters for the budgets and contracts
- Ensure fair market value (FMV) during budget negotiation and that billing compliance guidelines are followed
- Identify risks like billing compliance issues, potential liability, and remuneration and escalate appropriately
- Responsible for budget timelines and provide regular updates, including making decisions and recommending operational strategies in support of achieving clinical program objectives
- Understands the drug development process and cross-functional responsibilities
- Assist in budget, forecasting, auditing, and variance management activities
- Interact with internal stakeholders and third parties to achieve a mutually agreed upon document, highlighting any issues to senior management for resolution, tracking and following up on all concluded agreements/budgets as necessary
- Triaging internal requests for supplier oversight and budget-related matters
- Communicating with internal parties regarding any relevant and/or substantively changed terms/communicate any financial follow-up
- Provide reports/analysis of trends in negotiation of budgets/agreements to senior management
- Educate others on the processes for supplier management, contracts and budgets and billing compliance as needed
- Mentor and lead Supplier management and budget team
- Performs ad-hoc and cross-functional duties and/or projects as assigned to support business needs and provide developmental opportunities.
Education & Experience
- Bachelor's Degree with 10+ years’ experience in Supplier Management, Budget and Contract Development, Compliance, and Negotiation for domestic and
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